News May 27, 2024: Epishine, Adnavem, Drupps, Tridentify, Coly, Edda Pay, Forloop, AI Menti Builder, GatlingX, Vipps, Flowfactory, Augere, Mai, and more

Here are today's news from Sweden's startup and tech sector, exclusively for you as subscriber of Swedish Tech News PRO.

Funding news

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  • Epishine (Linköping, developer of organic solar cell technology for low power electronics, founded 2016): SEK69M (€6M, $6.5M) from existing investors Philian and Axsol, for the commercial expansion. To date, the startup has raised SEK256M in equity funding. Co-founder Mattias Josephson says that the company will raise more (Swedish / Impact Loop paywall). The pre-money valuation was SEK230M, according to data registered with Bolagsverket (sourced via Eivora) – down around 34% from one year ago, after Epishine raised SEK60M led by Jula Holding. In early May this year, Epishine announced that a consortium it leads was awarded a SEK38M grant from the EU.
  • Update on the €2.8M funding round recently announced by Argus Eye: The pre-money valuation was SEK60M, according to data just registered with Bolagsverket.

Unannounced funding – downround special

Martin Weigert

Martin Weigert

Martin is the founder of Swedish Tech News. Every day he spends many hours gathering and curating the latest from Sweden's startup & tech sector. Contact: